December 14, 2016 archive

Pressured by reports confirming that OPEC’s production rose in November, crude oil futures slid on Wednesday as the U.S. Federal Reserve announced a slight interest increase prior to the close of markets, according to Bloomberg MarketWatch. January West Texas Intermediate crude fell $1.94 cents, or 3.7%, to settle at $51.04 a barrel on the New York …

While nearly 5,000 Standing Rock Sioux tribal members and Dakota Access pipeline protesters remain onsite at the encampment in Cannon Ball, an extensive pipeline spill nearly 150 miles away is seizing attention. The leaky pipeline has spilled more than 176,000 gallons of crude oil from the Belle Fourche pipeline into the Ash Coulee Creek located …

Continental Resources CEO Harold Hamm has the Midas touch, turning anything into pure gold…in his case, it’s black gold. The Oklahoma City-based energy company announced Wednesday that it set a new corporate record at a well in the Oklahoma STACK play. The Angus Trust well produced 4,642 boe/day in a 24-hour test, comprised of 2,088 …

American automaker General Motors has won the sprint with Tesla in the competition to roll out the latest version of an electric vehicle to the general public. GM announced Tuesday it delivered its first group of Chevrolet Bolt EV electric cars to three customers in Fremont, California – the same city where Elon Musk’s rival …